163.67 is our pivot point.
Our preference: rebound towards 165.85.
Alternative scenario: the downside breakout of 163.67 would call for 163 and 162.60.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (164.43) but below its 50 period moving average (164.92).
Supports and resistances:
166.65 **
166.25 *
165.85 **
165.45
164.52 last
163.94
163.67 **
163.00 *
162.60 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 04-05-2023 at 04:19 UTC+1
Price reference: 164.52 last known on 04-05-2023 at 04:19 UTC+1
Investment horizon: INTRADAY